Investment Summary

Summit Partners Invests In onXmaps

On February 15, 2018, growth capital firm Summit Partners invested in internet software and services company onXmaps

Investment Highlights
  • This is Summit Partners’ 31st transaction in the Internet Software and Services sector.
  • This is Summit Partners’ 275th transaction in the United States.
  • This is Summit Partners’ 2nd transaction in Montana.

Investment Summary

Date 2018-02-15
Target onXmaps
Sector Internet Software and Services
Investor(s) Summit Partners
Deal Type Growth Capital

Target

onXmaps

Missoula, Montana, United States
onXmaps is a provider of mobile and web-based off-pavement maps and GPS technology for hunting and other outdoor pursuits. The company aggregates data on property ownership, trails, permitted land use, and many other parameters to deliver the most relevant and rich geospatial data to any device, anywhere. onXmaps was formed in 2009 and is based in Missoula, Montana.

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Investor(S) 1

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 316 of 387
Sector (Internet Software and Services) 31 of 47
Type (Growth Capital) 180 of 219
State (Montana) 2 of 2
Country (United States) 275 of 320
Year (2018) 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-14 Elatec

Puchheim, Germany

Elatec is a provider in the development and global sales of contactless (RFID, NFC, Bluetooth) and contact (SmartCard) readers/writers. Elatec modules enable the clear identification of individual users on end devices and are used across a broad range of numerous applications and solutions, such as secure printing, elevator systems, fitness devices, industrial production, kiosk, physical access, and point-of-sale systems. Elatec was founded in 1988 and is based in Puchheim, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-07 ABILITY Network

Minneapolis, Minnesota, United States

ABILITY Network, Inc. is a information technology company helping providers and payers simplify the administrative and clinical complexities of healthcare through innovative applications and data analytics. ABILITY is headquartered in Minneapolis with principal offices in Boston and Tampa.

Sell $1.2B